Mendip Gardens, Gateshead NE11 2 bed flat for sale

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Mendip Gardens, Gateshead NE11 2 bed flat for sale

Mendip Gardens, Gateshead NE11
£60,000

Price History

Initial price £70,000
14/12/24 £68,000
21/12/24 £66,000
24/12/24 £64,000
03/01/25 £71,000
11/01/25 £69,000
17/01/25 £67,000
01/02/25 £60,000
Price Change -14.29%

Description

This 2-bedroom mid-terrace property in Lobley Hill is a fantastic investment opportunity for those looking to expand their portfolio. The well-kept home features a spacious lounge, modern kitchen, and 2 bedrooms, and is currently generating an annual gross income of £6,600. With the potential to increase the rent to a market rate of £9,708, this property offers a worthwhile addition to any investor's portfolio. The current tenants, who have been in the property for several years, are committed to remaining and have a good rental history, making for a smooth transaction process. With its proximity to valuable amenities and potential for strong rental returns, this property is not to be missed.